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Our Story

One focus. One goal.

Overview

Creating value investing in industrial property throughout infill Southern California.

Entrepreneurs focused on delivering superior, consistent shareholder returns.

Decades of experience, well-capitalized as a public REIT (NYSE: “REXR”).

Downtown LA city skyline at night
Large shipping port in California

Rexford's Focus

Our Focus

Southern California is not just where we’re located—it’s a critical part of our business strategy.

If it were its own country, Southern California would be one of the largest economies in the world and is the nation’s largest regional economy. Measured by square feet, the Southern California industrial market would be the fourth largest global market, lagging in size only to the entire countries of the U.S.A., China and Japan. Within the United States, the SoCal industrial property market represents about the same economic value as the next four to five largest U.S. markets combined. More specifically, we focus on SoCal high-barrier submarkets located in and among our massive, growing population centers – we call these “infill” markets.

Why Infill Southern California

Why Infill Southern California?

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Scarce supply, high demand

Scarce, diminishing supply in the face of strong, growing tenant demand results in an ongoing supply-demand imbalance that is intensifying over time as industrial property is increasingly being converted to other, non-industrial uses.

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High barrier sub-markets

Virtually no threat of new competition. Fully built-out and surrounded by mountains, ocean and dense population centers, our infill industrial market can not increase in size. Very high land and development costs further preclude development of for-lease product.

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Huge market, strongest fundamentals

At 1.8 billion square feet, the SoCal infill market is the nation’s largest, most sought-after industrial market. Occupancy and value lead the nation with rental rates that are more than 60% higher than the average of the next ten largest markets.

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Value-creation

With over a billion square feet of vintage buildings in the region’s best locations, we pursue a nearly limitless well of opportunities to increase cash flow and value by enhancing product functionality, marketability and performance.

Strategy for Success

Our strategy for success

We differentiate ourselves with the extra work to create and execute on exceptional investment opportunities…

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Extensive research and unique broker partnerships.

We uncover catalysts that lead to transaction opportunities. By enabling and supporting our broker relationships, we make deals happen.

Each space has a strategy and business plan.

Rexford’s world-class leasing team works with our listing brokers to maximize results.

Our customers are everything.

We manage our tenants ourselves, delivering the most functional space in our sub-markets, mobilizing market-leading property management, construction management and communications technology. Nobody cares like the owner!

Leadership

Our Team

Our people are everything. Together, we are entrepreneurs leading and innovating to create value.

Board of Directors

Board of Directors

Experience. Dedication. Judgement.

ESG

Creating Value. Responsibly.

Committed to creating value for our customers, shareholders, employees and our broader communities, our work generates significant economic, environmental and social benefits. We like to recycle and improve existing buildings, which optimizes environmental impact, contributes toward urban renewal, business growth and the creation of essential, sustainable jobs.

SUSTAINABILITY REPORT

Cherry picker inside of a large empty warehouse
Cherry picker inside of a large empty warehouse
Busy office with several people working reviewing documents

Culture

What are we like behind the scenes?

Check Out Our Culture

Howard Schwimmer Photo

Howard Schwimmer

Co-Chief Executive Officer and Director

Mr. Schwimmer has served as Rexford Industrial’s Co-Chief Executive Officer and as a member of our Board of Directors since our formation in January 2013. He founded our predecessor business in 2001 and, under his leadership, the Company has grown into a leading publicly-traded industrial REIT focused on the infill Southern California markets. Mr. Schwimmer brings more than 40 years of specialized experience in Southern California infill industrial real estate, with deep expertise across acquisition, repositioning, leasing, operations and strategic planning. He previously served in senior executive roles at DAUM Commercial Real Estate, one of California’s oldest industrial brokerage firms. In addition to his operational leadership, Mr. Schwimmer has extensive experience in the formation and governance of both private and public real estate investment entities. He earned a Bachelor’s degree in Business from the University of Southern California, with a concentration in real estate finance and development. In recognition of his industry and community contributions, Mr. Schwimmer was inducted into the NAIOP SoCal Hall of Fame in 2024 and was honored at the Jewish Federation Real Estate & Construction Dinner in 2022. He currently serves on the USC Lusk Center Real Estate Leadership Council and the Board of USC Hillel, where he is a past Chair. He also previously served as Chair of the Real Estate Principals Organization of the Los Angeles Jewish Federation.

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Michael S. Frankel

Co-Chief Executive Officer and Director

Mr. Frankel serves as Rexford Industrial’s Co-Chief Executive Officer and on the Board of Directors since July 2013. Mr. Frankel has served as the Chief Financial Officer of Rexford Industrial Realty & Management Inc. since May 2005 and as Managing Partner of Rexford Industrial LLC and Rexford Sponsor LLC since December 2007 and September 2010, respectively. Mr. Frankel’s twenty-eight-year career includes nine years co-managing Rexford, focused on investing in infill Southern California industrial real estate. Mr. Frankel’s career spans real estate investment, private equity investments and senior management operating roles. Mr. Frankel was previously responsible for investments at the private equity firm “C3,” a subsidiary of the Comcast Corporation (NASD: CMCSA). Mr. Frankel also served with LEK Consulting, providing strategic advisory services to several of the world’s leading investment institutions. Mr. Frankel began his career as Vice President at Melchers & Co., a European-based firm, where he was responsible for Melchers’ U.S.-Asia operations, principally based in Beijing. Mr. Frankel has substantial experience working in China, Southeast Asia and France, and speaks Mandarin and French. Mr. Frankel is a licensed real estate broker in the state of California and a member of the Urban Land Institute. Mr. Frankel earned his Bachelor of Arts degree in Political Economy from the University of California at Berkeley and his Masters of Business Administration from the Harvard Business School.

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Laura Clark

Chief Operating Officer

Ms. Clark serves as Rexford Industrial’s Chief Operating Officer and previously held the role of Chief Financial Officer from August 2020 to November 2024. From 2017 until July 2020, Ms. Clark served as Senior Vice President, Capital Markets at Regency Centers, a publicly traded retail real estate investment trust and S&P 500 Index member. Previously, Ms. Clark was the Vice President, Financial Services at Regency Centers since 2012, where she oversaw all operational analysis, budgeting and reporting for the company’s West region. Prior to that, she held roles in institutional sales and equity research at Green Street Advisors, served as Vice President, Capital Markets at Iron Tree Capital and as Vice President at Inland Capital Markets Group. Ms. Clark is a Chartered Financial Analyst (CFA), holds a Bachelor of Science degree in finance from DePaul University in Chicago and earned her Master of Business Administration degree from Ball State University. Ms. Clark brings 22 years of finance, accounting, real estate and operations experience to Rexford.

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Michael Fitzmaurice

Chief Financial Officer

Mr. Fitzmaurice serves as Rexford Industrial’s Chief Financial Officer. From June 2018 to January 2024, Mr. Fitzmaurice served as the Executive Vice President and Chief Financial Officer of RPT Realty, a real estate investment trust (REIT) acquired by Kimco Realty Corporation in January 2024. Prior to joining RPT Realty, Mr. Fitzmaurice served as Vice President and then Senior Vice President of Finance for Retail Properties of America, Inc., an NYSE-listed retail shopping center REIT, from 2012 to 2018. Previously, Mr. Fitzmaurice spent 13 years at S&P 500 companies General Growth Properties and Equity Office Properties with growing responsibility in various finance, capital markets, investment and accounting roles. Mr. Fitzmaurice received his Bachelor of Science in finance from the University of Illinois at Chicago. Mr. Fitzmaurice brings 25 years of real estate, finance, accounting, investments, and operations experience to Rexford.

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David Lanzer

General Counsel and Corporate Secretary

Mr. Lanzer has served as our General Counsel since March 2016. He oversees all legal services and risk management for Rexford Industrial. In addition, Mr. Lanzer serves as the secretary to the Rexford Industrial board of directors. From January 2010 to March 2016, Mr. Lanzer served as First Vice President and Senior Counsel of Prologis, Inc. (NYSE: PLD), the world’s largest industrial real estate investment trust. While at Prologis, he provided legal counsel for the U.S. Southwest and Northwest regions. Prior to Prologis, from December 2002 to January 2009, Mr. Lanzer served as Vice President and Deputy General Counsel and a Market Officer at Lauth Group, Inc., a privately held, national development and construction firm that has developed industrial, office, retail and healthcare projects across the United States. Mr. Lanzer began his legal career as an attorney with the Indianapolis law firm of Wooden & McLaughlin LLP (now known as Dinsmore & Shohl LLP). Mr. Lanzer obtained his Bachelor of Arts, with distinction, in Political Science at Purdue University, West Lafayette, and his Doctor of Jurisprudence at Indiana University, Bloomington. Prior to attending Purdue, Mr. Lanzer joined the military at age 17, where he served five years with the 38th Infantry Division and was awarded the National Defense Medal and the Army Reserve Component Achievement Medal. Mr. Lanzer brings to the Company over 26 years of real estate and legal experience.

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Patrick Schlehuber

Chief Investment Officer

Mr. Schlehuber has led Rexford Industrial’s property investment efforts since joining in 2009. He is also a member of Rexford’s Investment Committee. To date, Mr. Schlehuber has led the investments team through nearly 400 property acquisitions and dispositions totaling over $10 billion and adding over 43 million square feet to Rexford’s portfolio. Mr. Schlehuber has over 20 years of property investment and finance experience including acquisitions, dispositions, asset and construction management and leasing throughout California and serves on the NAIOP SoCal Board of Directors. Prior to his time at Rexford, Mr. Schlehuber was an Investment Officer at First Industrial Realty Trust, another publicly traded Industrial REIT. Additionally, Mr. Schlehuber spent time working in investment banking and financial consulting at Relational Advisors (formerly Batchelder & Partners) and Arthur Anderson. Mr. Schlehuber is a Chartered Financial Analyst and Certified Public Accountant (Illinois-Inactive). He received his Bachelor’s degree in Finance from the University of Notre Dame.

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John Nahas

Managing Director, Asset Management

Mr. Nahas brings over two decades of real estate investment expertise to his role as Managing Director, Asset Management. In addition to overseeing the operational departments of leasing, property operations and development and construction, Mr. Nahas leads the asset management function of Rexford, which includes customer solutions. His extensive real estate background spans multiple product types encompassing transactions, asset management, development and strategy. Prior to joining Rexford in 2023, Mr. Nahas served as President of CenterCal Properties, where he managed business operations across one of the company’s three core regions. Previously, he directed regional investments for Southern California at Regency Centers. Mr. Nahas earned his Master’s degree in Real Estate Development from the University of Southern California and Bachelor of Arts from the University of Texas, Austin. He is a licensed commercial broker and active member of NAIOP.

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Victor Ramirez

Executive Vice President, Controller

Mr. Ramirez has served as Executive Vice President, Controller at Rexford Industrial since 2014, where he oversees the accounting and reporting department, including financial reporting, internal controls and tax compliance. Throughout his tenure at Rexford, Mr. Ramirez has facilitated in driving the REIT’s growth, ensuring SEC compliance and enhancing financial performance through his results-driven approach. Mr. Ramirez brings nearly 30 years of strategic financial leadership experience across REITs, commercial real estate brokerages, property management organizations and various real estate services firms. Previously, Mr. Ramirez served as Vice President of Finance at Avison Young, where he led the accounting and finance teams for the firm’s Western Region. He has also held key roles in financial management and reporting at CBRE, MPG Office Trust and EVOQ Properties.

Mr. Ramirez earned his Bachelor’s degree in Accounting and Finance from California State University, Los Angeles and is a Certified Public Accountant.

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Carlos Serra

Executive Vice President, Development and Construction

Mr. Serra brings over 20 years of executive leadership and international real estate experience to Rexford. He has lived and worked in four countries and is frequently cited in numerous publications, including Bloomberg, WSJ, and LABJ. Prior to Rexford, Mr. Serra was the head of JLL’s Project & Development Services (“PDS”) business unit in the US southwest region, co-leading the west region. He was on the JLL executive board for PDS Americas which oversee the 4,000 person construction project management staff. In addition to his primary role, he was also the west region lead for Spaulding & Slye Investments (“SSI”), the real estate investment operating division of JLL. Mr. Serra received his Bachelor’s in Quantity Surveying at Northumbria University. Mr. Serra leads the design, construction and development teams on both ground-up and repositioning projects, across Southern California.

Tyler H. Rose

Chairman of the Board

Mr. Rose has served as Chairman of our Board since June 2025, previously served as the Lead Independent Director and has served on our Board of Directors since February 2015. Mr. Rose has over 30 years of experience in the real estate investment industry. He is currently the President and Chief Financial Officer of IQHQ, Inc., a private life science real estate development company. Previously, Mr. Rose served as the President of Kilroy Realty Corporation (NYSE: KRC )(“Kilroy”) from 2020 to 2023 after serving as Executive Vice President and Chief Financial Officer at Kilroy since 2009 and Senior Vice President and Treasurer beginning in 1997. Prior to his tenure at Kilroy, Mr. Rose was Senior Vice President, Corporate Finance of Irvine Apartment Communities, Inc. from 1995 to 1997, and was appointed Treasurer in 1996. Prior to that, Mr. Rose was Vice President, Corporate Finance of the Irvine Company from 1994 to 1995. From 1986 to 1994, Mr. Rose was employed at J.P. Morgan & Co., serving in its Real Estate Corporate Finance Group until 1992 and as Vice President of its Australia Mergers and Acquisitions Group from 1992 to 1994. Mr. Rose also served for two years as a financial analyst for General Electric Company. Mr. Rose currently serves on the Policy Advisory Board for the Fisher Center for Real Estate and Urban Economics at the University of California, Berkeley. He earned a Master of Business Administration degree from The University of Chicago Booth School of Business and a Bachelor of Arts degree in Economics from the University of California, Berkeley.

Robert L. Antin

Director

Mr. Antin has served on our Board of Directors since our initial public offering in July 2013. Mr. Antin was a founder of VCA Antech, Inc. (“VCA”), a publicly traded national animal healthcare company (NASDAQ: WOOF) that provides veterinary services, diagnostic testing and various medical technology products and related services to the veterinary market. Mr. Antin has served as a Director, Chief Executive Officer and President at VCA since its inception in 1986. From September 1983 to 1985, Mr. Antin was President, Chief Executive Officer, a Director and co-founder of AlternaCare Corp., a publicly held company that owned, operated and developed freestanding out-patient surgical centers. From July 1978 until September 1983, Mr. Antin was an officer of American Medical International, Inc., an owner and operator of health care facilities. Mr. Antin received his Bachelor’s degree from the State University of New York at Cortland and his MBA with a certification in hospital and health administration from Cornell University. Mr. Antin brings to the Board extensive experience as an executive at a public company which enables him to make significant contributions to the deliberations of the Board, especially in relation to operations, financings and strategic planning.

Michael S. Frankel Photo

Michael S. Frankel

Co-Chief Executive Officer and Director

Mr. Frankel serves as Rexford Industrial’s Co-Chief Executive Officer and on the Board of Directors since July 2013. Mr. Frankel has served as the Chief Financial Officer of Rexford Industrial Realty & Management Inc. since May 2005 and as Managing Partner of Rexford Industrial LLC and Rexford Sponsor LLC since December 2007 and September 2010, respectively. Mr. Frankel’s twenty-eight-year career includes nine years co-managing Rexford, focused on investing in infill Southern California industrial real estate. Mr. Frankel’s career spans real estate investment, private equity investments and senior management operating roles. Mr. Frankel was previously responsible for investments at the private equity firm “C3,” a subsidiary of the Comcast Corporation (NASD: CMCSA). Mr. Frankel also served with LEK Consulting, providing strategic advisory services to several of the world’s leading investment institutions. Mr. Frankel began his career as Vice President at Melchers & Co., a European-based firm, where he was responsible for Melchers’ U.S.-Asia operations, principally based in Beijing. Mr. Frankel has substantial experience working in China, Southeast Asia and France, and speaks Mandarin and French. Mr. Frankel is a licensed real estate broker in the state of California and a member of the Urban Land Institute. Mr. Frankel earned his Bachelor of Arts degree in Political Economy from the University of California at Berkeley and his Masters of Business Administration from the Harvard Business School.

Diana J. Ingram

Director

Diana Ingram has served as a Board member since April 17, 2018 and serves as the Chairperson of the Nominating and Corporate Governance Committee. Ms. Ingram is a senior business development, sales, and marketing leader with an extensive background in information technology in the U.S., Latin American and other global markets. Ms. Ingram has served as Consulting Director at Oracle Consulting since 2015, where she is focused on helping corporate clients accelerate their transition to cloud computing and enhance their IT security posture. From 2013 to 2015, Ms. Ingram ran Ingram & Associates, an independent consulting firm based in Los Angeles. Prior to that, she was Executive Vice President and Head of Operations for the U.S. start-up of networking software company IBT /Realtime from 2012 to 2013, prior to which she held several key positions at IBM from 2004 to 2012, including Director of Security and Privacy Services, U.S.; Vice President of Global Sales for Wireless E-Business Solutions; Vice President of Telecommunications – Media Sector, Latin America and Director of Enterprise Content Management Software Sales, Americas. Prior to IBM, she was Senior Vice President and General Manager of Operations, West Region at Kinko’s Inc., now part of FedEx from 2002-2003, where she oversaw 600 retail stores and 20 commercial print production centers, generating more than $1 billion in revenue annually. Active in the Southern California community, Ms. Ingram serves on the boards of directors of Goodwill of Southern California, ECMC Group, Inc. and the International Women’s Forum, Southern California affiliate. Her previous board service includes Big Brothers Big Sisters, Los Angeles, the Los Angeles Urban League and the Coalition for Clean Air. Ms. Ingram received her Bachelor of Arts degree from Stanford University and her Master of Business Administration from the Kellogg Graduate School of Management at Northwestern University. She holds the Certified Information System Security Professional (CISSP) designation.

Angela Kleiman

Director

Angela Kleiman is currently Senior Executive Vice President and Chief Operating Officer of Essex Property Trust (NYSE: ESS), a fully integrated real estate investment trust (REIT) and an S&P 500 company. Essex acquires, develops, redevelops and manages multifamily residential properties in select West Coast markets. Ms. Kleiman leads operations, which includes asset and property management, technology and data analytics, research and redevelopment. Ms. Kleiman previously served as the Essex Executive Vice President and Chief Financial Officer from 2015 to 2020 and managed the Essex Private Equity platform from 2009 to 2015. Prior to joining Essex, Ms. Kleiman held roles in institutional investment management and investment banking including Senior Equity Analyst and Vice President of Investor Relations at Security Capital and Vice President within J.P. Morgan’s Real Estate & Lodging Investment Banking Group. Ms. Kleiman began her career in real estate development management in 1991. She holds a Bachelor of Science from Northwestern University and a Master of Business Administration from Northwestern’s Kellogg School of Management. She is a member of NAREIT and the National Multifamily Housing Council.

Debra L. Morris

Director

Ms. Morris has served on our Board of Directors since December 2020. Ms. Morris brings over 30 years of experience in executive leadership in real estate, healthcare, automotive, and professional services. From 2013 to 2022, she served as Executive Vice President, Chief Financial Officer of Apria Healthcare (Nasdaq: APR), a leading provider of integrated home healthcare equipment and related services in the United States. From 2010 – 2013, Ms. Morris served as Chief Financial Officer—Americas for SITEL Worldwide Corporation, a global leader in business processing outsourcing. From 2004 – 2010 she served with Tatum LLC, a national executive services firm, where she held roles as Partner and Director during her tenure. From 1999 to 2002, she was Chief Financial Officer of Caliber Collision Centers. Ms. Morris spent the earlier part of her career in various roles with CB Richard Ellis, including Executive Vice President—Global Marketing and Integration and Executive Vice President—Global Chief Accounting Officer. She currently serves on the board and chairs the Audit Committee of EverDriven Technologies, a leading private-equity-backed technology-enabled alternative student transportation company. She also serves on the board and audit committee of Biote (Nasdaq: Biote), a leading solutions provider in preventive health care through the delivery of personalized hormone optimization and therapeutic wellness. Ms. Morris earned her Bachelor of Science degree in Business Administration from Colby Sawyer College in New London, New Hampshire.

Howard Schwimmer Photo

Howard Schwimmer

Co-Chief Executive Officer and Director

Mr. Schwimmer has served as Rexford Industrial’s Co-Chief Executive Officer and as a member of our Board of Directors since our formation in January 2013. He founded our predecessor business in 2001 and, under his leadership, the Company has grown into a leading publicly-traded industrial REIT focused on the infill Southern California markets. Mr. Schwimmer brings more than 40 years of specialized experience in Southern California infill industrial real estate, with deep expertise across acquisition, repositioning, leasing, operations and strategic planning. He previously served in senior executive roles at DAUM Commercial Real Estate, one of California’s oldest industrial brokerage firms. In addition to his operational leadership, Mr. Schwimmer has extensive experience in the formation and governance of both private and public real estate investment entities. He earned a Bachelor’s degree in Business from the University of Southern California, with a concentration in real estate finance and development. In recognition of his industry and community contributions, Mr. Schwimmer was inducted into the NAIOP SoCal Hall of Fame in 2024 and was honored at the Jewish Federation Real Estate & Construction Dinner in 2022. He currently serves on the USC Lusk Center Real Estate Leadership Council and the Board of USC Hillel, where he is a past Chair. He also previously served as Chair of the Real Estate Principals Organization of the Los Angeles Jewish Federation.